Nemetschek successfully concludes acquisition of Bluebeam Software

Fri, 31 Oct 2014 10:03:45 DGAP-News: Nemetschek successfully concludes acquisition of Bluebeam Software

Nemetschek AG / Key word(s): Acquisition

31.10.2014 / 10:03

Corporate News

Nemetschek successfully concludes acquisition of Bluebeam Software

- Acquisition of 100 percent of shares

- Consolidation as of November 1, 2014

- Growth is accelerated as a result of Bluebeam

- Increase in 2014 forecast revenues to EUR 211 to 216 million (formerly EUR 207 to 212 million)

Munich, October 31, 2014 - Nemetschek AG (ISIN 0006452907) has successfully concluded the acquisition of Bluebeam Software, Inc., headquartered in Pasadena/California, USA. In total 100 percent of Bluebeam shares have been transferred to Nemetschek.

Bluebeam is a leading provider of PDF-based workflow solutions for digital work processes and collaboration in the AEC industry. The innovative and strongly growing company, with more than 650,000 users worldwide, already counts more than 74% of the top 50 US companies in the construction industry as its customers.

Bluebeam optimally suits our solution portfolio and our commitment to open standards. All solutions of the Nemetschek Group can be integrated into the Bluebeam workflow by means of simple PDF conversion. The platform technology "Bluebeam Revu" enables digital and paperless workflows and significantly improves collaboration between all those involved in the building project, which ultimately leads to an increase in efficiency in the building process. At the same time, the acquisition allows us to reinforce our international market presence in North America. Bluebeam, in turn, will profit from the strong position of the Nemetschek Group in Europe and Asia.

In the 2013 financial year, Bluebeam achieved a year over year revenue growth rate of 48%, amounting to approx. USD 22.4 million. In the first half of 2014, Bluebeam was able to grow further and generate revenues of USD 16.5 million and an operating result (EBIT) of USD 3.2 million. The purchase price for the acquisition amounted to about USD 100 million (cash-/debt-free) and was settled using the high cash position of the Nemetschek Group and the taking out of a loan.

Growth accelerated, 2014 revenue forecast increased

In the course of the acquisition and consolidation as of November 1, 2014, the Nemetschek Group adjusts its forecast for the current financial year 2014 upwards. Revenues in the range of EUR 211 to 216 million are anticipated (formerly: EUR 207 to 212 million). The forecast for the EBITDA margin remains unchanged between 23% and 25%.

For further information on the company, please contact

Nemetschek Group
Stefanie Zimmermann
Investor Relations
+49 89 92793 1229

About Nemetschek Group
Nemetschek, Munich, is a globally leading software provider for the AEC (Architecture, Engineering, Construction) industry. With its 12 brands, the Nemetschek Group now serves more than 1.8 million users in 142 countries from more than 40 locations worldwide. Founded in 1963 by Professor Georg Nemetschek, the company focuses on innovations such as Open Building Information Modeling (Open BIM) for the AEC market of tomorrow. Publicly listed since 1999 and quoted on the TecDAX, the company achieved revenues of EUR 185.9 million and an EBITDA of EUR 46.3 million in the 2013.

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